ALABAMA LIFE & HEALTH INSURANCE
EXAM TEST BANK 2 2026/2027 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |CURRENTLY TESTING
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST|JUST
RELEASED!!|GUARANTEED PASS
In the event of employee termination, a person covered by a group policy also has the right to
convert such coverage into a individual policy within the ____________________ WITHOUT
proving insurability.
The Conversion Period which is 31 days
If an employee converts their group policy to an individual who is responsible for paying the
premiums?
The employee
The grace period for group life insurance in Alabama is
31 days
The policy terms in group policy insurance shall be incontestable if the policy has been in force
for a period of
2 days
in group insurance who holds the master policy?
The employer
What do the Employees receive as proof of coverage under group policies
1|Page
,Certificate of Coverage
replacement
Replacing a policy with another policy
Notice of Replacement
agent must present to applicant not later than at the time of taking the application a notice to
applicant regarding replacement of life insurance,
What must be done with a Notice of Replacement
must be signed by applicant and agent and left with applicant. Also the original or a copy of all
sales proposals. Both of these also must be turned in to the replacing insurer.
The insurance company that issues a new life policy to an insured to replace an existing policy is
called the
Replacing Insurer
A producer must present to the applicant a Notice Regarding Replacement that is signed by
both the
The applicant and the producer. (a copy must be left with the applicant)
The producer must submit to the replacing insurance company a copy of the
__________________ with the application
Replacement Notice
The replacing insurer must allow the owner of the life insurance policy to return the policy in
______________ after delivery for a full refund.
30 days
Alabamas annuity disclosure regulation requires the the delivery of a _____________ and a
________________ to annuity applicants
2|Page
,Buyers guide; disclosure document
A health or disability contract is incontestable after it has been in force for a period of
2 years
The grace period for weekly premium payments is required to be no less than ______ for
weekly premium policies
7 days
The grace period for monthly premium payments is required no less than
10 days
The grace period for all other policies is
31 days
If a health policy is reinstated after it has lapsed for nonpayment, there is a waiting period of
______ before a claim covering sickness will be covered. Injuries sustained from an accident,
however, will be covered_______
10 days, Immediately
Written notice of claim must be given within ________ after a covered loss starts or as soon as
reasonably possible
20 days
An insurance company will send forms for filing proof of loss to a claimant within ______ after
company receives notice of claim
15 days
Written proof for any loss must be given to the insurance company within
90 days
3|Page
, Each insurer that provides accident and health coverage for its insured persons shall pay a claim
within ____ calendar days upon receipt of a clean written claim or ____calendar days upon
receipt of a clean electronic claim.
45, 30
Health insurance policies must provide a minimum free-look period of
10 days
What is the free-look period for ?
Allows the policy owner time to decide whether or not to keep the policy. or return for full
refund
No legal action can be initiated within _____ after proof of loss has been submitted to the
insurance company.
60 days
No legal action can be initiated within _________ from the initial time written proof of loss has
been provided.
3 years
insurers right to physical exams and autopsies
The insurer has the right to examine the insured during the claim process and to autopsy when
death is involved and where it is not forbidden by law.
Illegal occupation
The insurer shall not be liable for any loss to which a contributing cause was the insured being
engaged in a felony or illegal occupation.
Pre-existing conditions for Individual Health Insurance
4|Page
EXAM TEST BANK 2 2026/2027 WITH ACTUAL
CORRECT QUESTIONS AND VERIFIED
DETAILED ANSWERS |CURRENTLY TESTING
QUESTIONS AND SOLUTIONS|ALREADY
GRADED A+|NEWEST|JUST
RELEASED!!|GUARANTEED PASS
In the event of employee termination, a person covered by a group policy also has the right to
convert such coverage into a individual policy within the ____________________ WITHOUT
proving insurability.
The Conversion Period which is 31 days
If an employee converts their group policy to an individual who is responsible for paying the
premiums?
The employee
The grace period for group life insurance in Alabama is
31 days
The policy terms in group policy insurance shall be incontestable if the policy has been in force
for a period of
2 days
in group insurance who holds the master policy?
The employer
What do the Employees receive as proof of coverage under group policies
1|Page
,Certificate of Coverage
replacement
Replacing a policy with another policy
Notice of Replacement
agent must present to applicant not later than at the time of taking the application a notice to
applicant regarding replacement of life insurance,
What must be done with a Notice of Replacement
must be signed by applicant and agent and left with applicant. Also the original or a copy of all
sales proposals. Both of these also must be turned in to the replacing insurer.
The insurance company that issues a new life policy to an insured to replace an existing policy is
called the
Replacing Insurer
A producer must present to the applicant a Notice Regarding Replacement that is signed by
both the
The applicant and the producer. (a copy must be left with the applicant)
The producer must submit to the replacing insurance company a copy of the
__________________ with the application
Replacement Notice
The replacing insurer must allow the owner of the life insurance policy to return the policy in
______________ after delivery for a full refund.
30 days
Alabamas annuity disclosure regulation requires the the delivery of a _____________ and a
________________ to annuity applicants
2|Page
,Buyers guide; disclosure document
A health or disability contract is incontestable after it has been in force for a period of
2 years
The grace period for weekly premium payments is required to be no less than ______ for
weekly premium policies
7 days
The grace period for monthly premium payments is required no less than
10 days
The grace period for all other policies is
31 days
If a health policy is reinstated after it has lapsed for nonpayment, there is a waiting period of
______ before a claim covering sickness will be covered. Injuries sustained from an accident,
however, will be covered_______
10 days, Immediately
Written notice of claim must be given within ________ after a covered loss starts or as soon as
reasonably possible
20 days
An insurance company will send forms for filing proof of loss to a claimant within ______ after
company receives notice of claim
15 days
Written proof for any loss must be given to the insurance company within
90 days
3|Page
, Each insurer that provides accident and health coverage for its insured persons shall pay a claim
within ____ calendar days upon receipt of a clean written claim or ____calendar days upon
receipt of a clean electronic claim.
45, 30
Health insurance policies must provide a minimum free-look period of
10 days
What is the free-look period for ?
Allows the policy owner time to decide whether or not to keep the policy. or return for full
refund
No legal action can be initiated within _____ after proof of loss has been submitted to the
insurance company.
60 days
No legal action can be initiated within _________ from the initial time written proof of loss has
been provided.
3 years
insurers right to physical exams and autopsies
The insurer has the right to examine the insured during the claim process and to autopsy when
death is involved and where it is not forbidden by law.
Illegal occupation
The insurer shall not be liable for any loss to which a contributing cause was the insured being
engaged in a felony or illegal occupation.
Pre-existing conditions for Individual Health Insurance
4|Page
